Settlement and Reporting Manager

A supervisory position requiring a detail-oriented individual who will ensure all Loan Operation settlements including in-process, principal, interest, fee, participation and remittance accounts are accurately reconciled and outstanding items are cleared by the appropriate production unit in the prescribed manner and timeframe. Provide oversight of the review of various exception reports, presenting identified open items to appropriate unit manager for resolution. Prepare or review various reports required by management or outside bank-related partners. Generate ad hoc reports for internal use. Coordinate various system testing and data value changes between Loan Ops unit managers and IT. Escalate all issues and outstanding items not addressed within prescribed policy to the Loan Operations Manager. *Onsite/Hybrid Position*

Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer.

Minority/Female/Disabled/Veteran

* Perform / review the timely and accurate completion of all general ledger, DDA, system reconcilements and the timely clearing of outstanding items.
* Perform / review the timely and accurate completion of all necessary departmental reporting.
* Review various exception reports and instruct unit managers to correct identified issues to ensure the proper posting of funds.
* Maintain an in-depth knowledge of various Loan Operations loan accounting systems, their interfaces and how various system transactions impact settlements and reporting.
* Perform release and regression testing on bank's third-party SBA and Construction Loan accounting systems.
* Perform various self-audits in settlement processes to ensure compliance with bank policies.
* Perform end of month processing and reconciliation with bank's third-party Assets Based Lending Program.
* Reconcile SBO activity and adjust accounts as necessary. Review SBO rate changes and update system information as necessary. Prepare and distribute SBO delinquency report monthly.
* Monthly Cenlar bill reconciliation
* Assist with developing and conducting internal audit/quality control reviews. Review areas include GL and system reconcilements, loan data integrity, and adherence to audit controls, collateral processing and exception follow up.
* Maintain a working knowledge of the bank's report writer application (currently SQL)

* Maintain clear and consistent communications with VP Loan Operations, team members and cross functional business partners on performance improvement opportunities and suggestions.

* Active role in accessing system functionality, performing upgrades and testing. Identify system limitations and work with management to formulate a resolution and implement plan.

* Assists in the development of new business for Firstrust. Is alert to expressed customers/prospect needs to suggest appropriate services. Directs customers to appropriate person to establish business relationships.
* Other duties as assigned by Vice President Loan Operations.

While performing the essential functions of this position, the employee may be required to ascend/descend stairs and work atop a small ladder to store and retrieve files. The employee will need to position self to lift up to 20 pounds of materials for file maintenance. The worker sits most of the time; however, some amount of mobility is necessary to accomplish tasks. The ability to communicate and exchange information verbally and written is required. The incumbent will operate a computer terminal and phone with repetitive motion, while analyzing or preparing data. Temperature changes may occur during the workday in the office setting.

A college degree in accounting or finance is preferred.
• 3-5-year experience in a Commercial, ABL, or Construction loan operations position
• Managerial experience is required.
• Possesses extensive loan structure, servicing and regulatory knowledge of Commercial and Consumer loans.
• Demonstrates friendly, positive attitude, self-motivator.
• Detail oriented and strong organizational skills
• Proficient knowledge of MS Office Suite.
• Ability to multi-task with an excellent degree of versatility and flexibility